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Dabur India Limited

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DABUR INDIA LTD possible Elliot wave counts on dailyHello Friends, Here we had shared possible Elliott wave counts on chart of Dabur India ltd. in which we can see that currently we are in corrective phase of this stock, On daily chart we can see that possibly we are in wave (c) of Y of (4), post wave (4) we can start fresh rally towards wave (5) in north direction, but currently we still have to complete corrective phase which is in complex correction pattern, so labeled as W-X-Y, in which we have completed wave W-X and now possibly we are in wave Y, also I'll mention here that in wave Y we have finished wave (a) and wave (b) and now possibly we are in wave (c) of wave Y, in wave (c) we have done wave i, and wave ii and now we are unfolding wave iii of (c) of Y. Along with wave structures we are witnessing lots of situations in technical charts which are aligning and supporting same bearish bias, like negative crossovers, breakdowns, low relative strengths, RK's Mass psychological cloud etc. etc. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Please check snap shots shared below Possible Elliott wave counts on Daily time frame. Possible Elliott wave counts on Hourly time frame Support breakdown along with good intensity of volume Price broken down from ascending parallel channel with good volumes RK's Mass psychological cloud and stop line both indicating bearish bias ahead. Bearish Sequence in major moving averages 50DMA is below 100DMA and 100 DMA is less than 200DMA Price closed below lower Bollinger band on daily time frame Price closed below lower Bollinger band on weekly time frame RSI below 40 is too bearish in daily RSI below 40 is too bearish in weekly MACD in daily negative crossover under zero level MACD in weekly also negative MACD in monthly already running in negative mode DMI ADX both in bearish strength in daily chart DMI ADX both in bearish strength in weekly chart Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:DABURShort
by RK_Chaarts
2
Dabur India Ltd. : Intraday + Swing Setup NSE:DABUR Dabur India Ltd. Intraday + Swing Analysis 1. Dabur has been forming a Channel on the hourly timeframe and its also near a support zone Most channels are the last leg of a trend. 1.(a). For intraday, it has been forming a range near channel resistance so one can trade this range Breakout or reversal(Down leg in the channel) 1.(b).Fib retracement is at 0.5 Ratio So we will look for a breakout of the channel and resistance trendline (mention on the chart) that will give us a Double confirmation. ##Targets should be 550 for intraday and for swing 569/600+ Stop is Below channel 2.RSI divergence 3. On a Weekly chart, you can see it is near the support trendline. This is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy Trading!
NSE:DABUR
by SANJAYPATIDAR_
2